Tagged: sec

August 27, 2013 @ 8:59 am By JD Alois  |  

Earlier this year the SEC announced they had finally decided to relax the ban on “General Solicitation” or advertising for certain private placement offerings for accredited investors.  In recognition of a changing environment, albeit in a delayed fashion, the regulators have been forced to adjust… Read More

August 25, 2013 @ 8:27 am By JD Alois  |  

The SEC has announced that Eun Ah Choi has been named Managing Executive of the Division of Investment Management. The SEC’s Division of Investment Management works to protect investors, promote informed investment decisions, and facilitate appropriate innovation in investment products and services through regulation of… Read More

August 17, 2013 @ 12:12 pm By Charles Luzar  |  

In a comment letter submitted to the SEC, AngelList co-founder and CEO Naval Ravikant raises concerns over a proposed rule that would require startups seeking funding to file Form D 15 days before general solicitation takes place. In a nutshell, Ravikant expresses doubt that entrepreneurs… Read More

August 16, 2013 @ 10:32 am By Charles Luzar  |  

Do you think the definition of “accredited investor” is flawed? Do you fail to see how net worth and yearly salary has a direct tie to the sophistication of an investor? Are you of the opinion that too few (or too many) of your fellow… Read More

August 12, 2013 @ 6:58 pm By JD Alois  |  

The SEC has announced that Kara M. Stein was sworn into office as an SEC Commissioner this afternoon by SEC Chair Mary Jo White.  Ms. Stein, nominated by President Barack Obama, replaces former Commissioner Elisse Walter. “It is an honor to join my fellow Commissioners… Read More

August 11, 2013 @ 10:05 am By Charles Luzar  |  

In a joint letter sent to SEC Chairman Mary Jo White on July 22nd, 2013, Rep. Patrick McHenry (R-NC) and Rep. Scott Garrett (R-NJ) raised serious concerns over the proposed implementation of Title II and the lifting of the ban on general solicitation for private… Read More

August 7, 2013 @ 10:07 am By Charles Luzar  |  

SEC Formally Allows General Solicitation, or Advertising, for Certain Equity Offerings But Process to Accommodate is Still a Moving Target In the wake of Title II hitting the federal register, those active in the world of private placement securities are busy digesting the net effect… Read More

July 31, 2013 @ 8:53 am By Charles Luzar  |  

Yesterday SEC Chariman Mary Jo White addressed the timeline for implementation of the remainder of mandates enclosed in the JOBS Act, including rules regarding non-accredited crowdfund investing. The SEC has proposed or adopted rules for over 80 percent of the more than 90 Dodd-Frank Act… Read More

July 28, 2013 @ 11:11 am By Charles Luzar  |  

Daniel Gorfine is the Director of Financial Markets Policy at the Milken Institute. He has long been a balanced, pragmatic voice in the crowdfunding conversation, which is why his recent piece in Washington Monthly should be cause for concern. It’s important to note that the… Read More

July 27, 2013 @ 1:24 pm By Charles Luzar  |  

Back in May we brought you the story of Invested.in, a white-label crowdfunding platform solution with an interesting history. The Next Web just published a feature piece on the California-based company revealing that they have facilitated over $30 million in funding to date. Another revelation… Read More

July 25, 2013 @ 10:22 am By David Drake  |  

Fundrise is churning a lot of attention, by  pioneering investing in real estate through the crowdfunding platform. It has empowered large numbers of average folks to pool their money and invest in local projects. Believing that everyone should have the opportunity to invest in real… Read More

July 24, 2013 @ 2:59 pm By JD Alois  |  

Earlier this month the SEC formally adopted rules which removed the ban on advertising – or general solicitation – on private placements.  With the publishing of the final rules in the Federal Register the regulations take effect 60 days from the date of publishing, being… Read More

July 24, 2013 @ 9:15 am By Charles Luzar  |  

EarlyShares Chairman and co-founder Stephen Temes was on Bloomberg TV in a segment entitled “The Future of Crowdfunding.” In the clip below, Temes examines the economic impact of Titles II and III of the JOBS Act. He also discusses the success that EarlyShares has had… Read More

July 22, 2013 @ 5:08 pm By JD Alois  |  

Kendall Almerico, CEO of crowdfunding site ClickStartMe, recently commented on the JOBS Act ruling issued by the SEC that allows general solicitation of accredited investors under certain circumstances. “While the SEC’s new JOBS Act regulations do not address the crowdfunding portion of the JOBS Act… Read More

July 16, 2013 @ 12:34 pm By Charles Luzar  |  

There was a question recently posted to Quora seeking perspective on the interplay of regulation and the crowdfunding industry. Gust CEO David S. Rose offered an answer and it actually serves as a great primer on the crowdfunding industry as a whole. Read below… Read… Read More

July 12, 2013 @ 2:59 pm By JD Alois  |  

The Crowdfunding Professional Assocation or CfPA has issued a release sharing their appreciation of the recent progress made regarding the Jobs Act.  Equity-based crowdfunding came one step closer to reality this past Wednesday as the SEC  voted to lift the ban on general solicitation of private placements… Read More

July 12, 2013 @ 9:33 am By Charles Luzar  |  

Fundable has released the following infographic explaining the high-level details of the removal of the ban on general solicitation for select private placement offerings. Fundable is a Columbus, Ohio based crowdfunding platform. NOTE: Brian Knight of CrowdCheck points out that the requirement to file Form… Read More

July 12, 2013 @ 7:55 am By Charles Luzar  |  

CrowdCheck recently released this extremely comprehensive PDF outlining the changes brought on by the adoption of Title II of the JOBS Act. Title II created a new rule under Regulation D allowing general solicitation advertising for certain private placement offerings. For more, check out our… Read More

July 11, 2013 @ 3:00 pm By JD Alois  |  

In a Delivering Alpha segment on CNBC this morning, Second Market CEO Barry Silbert commented on the SEC’s revocation of the ban on General Solicitation, or advertising, for certain equity offerings.  Silbert notes that $1 Trillion a year is raised via private offerings and this… Read More

July 10, 2013 @ 5:25 pm By JD Alois  |  

The SEC has posted the text of the opening statement by SEC Chairman Mary Jo White from the meeting today which addressed General Solicitation and other elements of the Jobs Act.  Recognizing the congressionally mandated rules of the Jobs Act, the Chairman recommended the Commission… Read More